Firmaprofil

Lundin Petroleum is an oil & gas company, focusing on the exploration & production part of the value chain. In April 2010, Lundin announced to spin off its UK business and formed EnQuest plc as a separate listed company. The Company also has operations in e.g. Russia (12% of production), France (10%) and Indonesia (8%). Lundin faces competition from international majors like Statoil and BP as well as smaller players like Premier Oil and PA Resources. Lundins success and risk aspect depends not only on its ability to explore and develop the resources the company possesses, but also on its ability to select and acquire suitable producing properties or prospects. The oil price is the main driver for Lundin, influencing both earnings and the willingness to invest in new projects.